PUBLICATION
Global Business Reports
Southeast Asia Power 2013
October 08, 2013
Though attention is often focused on northern neighbor China, the nations of Southeast Asia have show equally impressive and consistent economic growth: growth that is forecast to continue in the medium term. With this success comes an increased need for energy, which each of the 10 countries are addressing in different ways. The huge investments that the Southeast Asian region is making in its generation and transmission infrastructure offers substantial opportunity for both domestic and foreign investors.
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It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.
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MACIG
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